Progressive Railroading



RAIL EMPLOYMENT

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





Rail News Home M&A

10/16/2008



Rail News: M&A

Pennsylvania rail authority seeks STB approval to buy NS line


The Pennsylvania Northeast Regional Railroad Authority (PNRRA) has filed a docket with the Surface Transportation Board seeking an exemption to purchase a 10.6-mile line from Norfolk Southern Railway.

The line, which is located in Monroe and Northampton counties, will continue to be operated by the Delaware-Lackawanna Railroad Co. Inc.

The line purchase is subject to NS retaining overhead trackage rights. PNRRA and the Class I expect to consummate the deal in three separate phases after Nov. 3.

Owned by Genesee Valley Transportation Co. Inc., the 87-mile Delaware-Lackawanna Railroad interchanges with NS in Portland, Pa., and with Canadian Pacific Railway in Scranton, Pa.


Contact Progressive Railroading editorial staff.

More News from 10/16/2008